General features:

• Variable interest rate (depending on your relationship with MoraBanc*), made up of the Euribor* plus the agreed differential.**
  • From Euribor +9,65%
  • Up to Euribor +12,65%
• Amount that can be requested:***
  • Up to €60,000.
• Term and repayment:****
  • Up to 5 years.
• Fees associated with the loan:
  • Arrangement fee: 1.25%.
  • Partial cancellation fee: 1.25%.
  • Total cancellation fee: 1.25%.
  • Deferral of loan principal and interest: none.
• The financing is subject to assessment and approval by MoraBanc.
• The information obtained from the interest simulation for the loan does not constitute an offer, as the interest is merely informative.

Documentation and requirements necessary for the loan application process:

• Documentation for the assessment:
  • Passport/ID card.
  • Residence and work permits.
  • Direct debit of bills/Andorran Social Security Agency payments.
  • Quote for the purchase to be made.
• Requirements to apply for the loan:
  • Residence in the country for more than 12 months.
  • Seniority at the company greater than 6 months.
  • Direct deposit of salary at MoraBanc.
  • Life insurance with MoraBanc as the beneficiary.
  • Proof of payment for the purchase (by transfer from MoraBanc).

Other terms and conditions

*Bonuses for link to MoraBanc (maximum 0.65%):

• 0.15% for direct deposits of salary.
• 0.05% for 3 bill payments by direct debit.
• 0.10% for having a credit or debit card (with a minimum of 3 transactions per month).
• 0.10% for subscribing to the Andorjubilació product or MoraBanc pension fund.
• 0.10% for subscribing to Andorvida.
• 0.10% for having home insurance.
• 0.05% for signing up for a MoraBanc fund.

In the event that you create a new account, we’ll give you a minimum period of 3 months to enable you to be eligible for all the bonuses and you’ll be informed of any changes in the interest rate if the link increases or decreases.

** You can choose between the 3-month, 6-month and 1-year Euribor. The interest rate will be revised with the frequency of the chosen Euribor. If the Euribor is negative, the Euribor = 0% differential will be applied.

*** Depending on the purpose of the loan, both the amount granted and the repayment term are subject to the thresholds established by MoraBanc:

Purpose	Maximum term	Maximum amount
Home refurbishments	6 years	€60,000
Furniture	8 years	€12,000
Education	8 years	€12,000
Healthcare	3 years	€12,000
Household appliances	5 years	€6,000
Electronics	5 years	€6,000
Leisure	2 years	€6,000

**** The amount of the monthly instalments cannot exceed 35% of the percentage of effort, the coefficient between the annual instalments plus rent (in the event that there is no mortgage) and the net fixed income (annual income net of personal income tax and Andorran Social Security Agency). The maximum term is your retirement age. You’ll also be able to choose the day the receipt is charged.